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REGISTERED NUMBER: 07565182 (England and Wales)














Financial Statements for the Year Ended 31 May 2023

for

T F P Construction Limited

T F P Construction Limited (Registered number: 07565182)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

T F P Construction Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr T Murphy
Mrs A J Murphy





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 07565182 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

T F P Construction Limited (Registered number: 07565182)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,611 30,142

CURRENT ASSETS
Debtors 5 1,455 8,332
Cash at bank and in hand 69,616 75,144
71,071 83,476
CREDITORS
Amounts falling due within one year 6 80,818 71,745
NET CURRENT (LIABILITIES)/ASSETS (9,747 ) 11,731
TOTAL ASSETS LESS CURRENT LIABILITIES 13,864 41,873

CREDITORS
Amounts falling due after more than one
year

7

12,053

16,245
NET ASSETS 1,811 25,628

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,809 25,626
SHAREHOLDERS' FUNDS 1,811 25,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

T F P Construction Limited (Registered number: 07565182)

Statement of Financial Position - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





Mr T Murphy - Director


T F P Construction Limited (Registered number: 07565182)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

T F P Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

T F P Construction Limited (Registered number: 07565182)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 10,802 31,240 1,149 43,191
Additions - - 459 459
At 31 May 2023 10,802 31,240 1,608 43,650
DEPRECIATION
At 1 June 2022 4,200 7,810 1,039 13,049
Charge for year 990 5,858 142 6,990
At 31 May 2023 5,190 13,668 1,181 20,039
NET BOOK VALUE
At 31 May 2023 5,612 17,572 427 23,611
At 31 May 2022 6,602 23,430 110 30,142

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 1,320
Other debtors 1,455 7,012
1,455 8,332

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 2,096 -
Taxation and social security - 1,532
Other creditors 78,722 70,213
80,818 71,745

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Other creditors 12,053 16,245

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 12,053 14,149

8. RELATED PARTY DISCLOSURES

The Directors Mr T Murphy and Mrs A Murphy are considered to be the key management personnel.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
T F P Construction Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T F P Construction Limited for the year ended 31 May 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of T F P Construction Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T F P Construction Limited and state those matters that we have agreed to state to the Board of Directors of T F P Construction Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T F P Construction Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T F P Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of T F P Construction Limited. You consider that T F P Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T F P Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................